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José Fabián
José is 38 years old and single, and he lives with and takes care of his mother, who is 68 years old. José makes a living during the week as a agricultural worker, and on the weekends he runs an ice cream business. When the weather is warm and nice, his ice cream business thrives. When the weather is cooler, business is average, but his clientele is always satisfied with the variety of products José sells.

With the support from this loan, José plans to purchase cups, fruit, flavors, cones and other products to support his ice cream business. His goal is to strengthen his business, expand his customer base and offer a greater variety of delicious products to his clients. Eventually, José hopes to purchase a physical space and open an official ice cream shop.
View original language description ↓
José tiene 38 años de edad, el vive con su mamá de 68 años. José es soltero y es quien cuida a su madre ya que dice que así como su madre se ocupó de él ahora se ocupa de ella. José es un joven trabajador que en los fines de semana se dedica a su negocio que es una heladería y los otros días trabaja en el campo. José comenta que cuando el clima está cálido le va muy bien en su negocio y cuando esta frío le va regular pero su clientela está muy contenta con la variedad del producto que ofrece. El crédito lo va a invertir para pagar arriendo, comprar copas, frutas, esencias, conos y los demás implementos que se utilizan para elaborar los helados de paila. Lo que este joven aspira es atraer más clientela, ofrecer más variedad en sus productos, mejorar en su negocio y en lo posible comprar un local propio para vender sus productos.

Additional Information

More information about this loan

This loan is part of FODEMI’s effort to reach vulnerable populations located along Ecuador’s frontier with Colombia. This region generally lacks access to financial services and is populated by many Colombian refugees seeking asylum from guerrilla warfare. This loan is designed to help these vulnerable populations improve their lives and set up sustainable businesses.

About FODEMI, a partner of World Vision International

FODEMI is a microenterprise development fund that supports groups of entrepreneurs who lack access to formal financial systems. The organization works with vulnerable populations, especially women, in the marginalized urban and rural sectors of Ecuador. Its clients work in a variety of sectors including agriculture, artisan crafts and the commercial and service sectors. Kiva lenders’ funds are used to expand the organization’s services to the poor living in more rural parts of Ecuador.

Tags

About Ecuador

  • $10,200
    Average annual income
  • 16
    View loans »
    Ecuador Loans Fundraising
  • $22,541,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped José Fabián to purchase fruit, flavors and other items to support his ice cream business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 6, 2014
Listed
Mar 19, 2014
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2015